Mahathir imposes capital controls in Malaysia

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• Princes of the Yen whole source · open book

  But in September 1998, Mahathir imposed controls on short-term capital movements and hence stabilized the exchange rate. Simultaneously, his central bank stepped up credit creation and the government implemented a program to clean up the balance sheets of banks.

  chapter: 17. The Asian Crisis and the Central Bankers

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• Richard Werner author of the source

Appears in 4 stories

• Asian crisis and the blocked Asian Monetary Fund step 9
• Paper money, central banks, and credit creation step 57
• Princes of the Yen: Japan built, bubbled, and broken step 277
• Quantitative easing begins in Japan step 10

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